https://www.taxtmi.com/acts?id=50428 Effective 1 April 1975 the Act amends specified deduction percentages downward and substitutes a new clause on taxation of long term capital gains that separates gains on buildings, lands or rights therein from other long term gains. The new clause prescribes a lower tax rate for qualifying publicly interested companies under an income threshold, a higher rate for other companies for such asset related gains, and a distinct rate for the balance of long term capital gains. en-us Mon, 24 Mar 2025 18:29:39 +0530 Mon, 24 Mar 2025 18:29:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=50428 Effective 1 April 1975 the Act amends specified deduction percentages downward and substitutes a new clause on taxation of long term capital gains that separates gains on buildings, lands or rights therein from other long term gains. The new clause prescribes a lower tax rate for qualifying publicly interested companies under an income threshold, a higher rate for other companies for such asset related gains, and a distinct rate for the balance of long term capital gains. Act-Rules F. Acts / Amendment Acts Mon, 24 Mar 2025 18:29:39 +0530 https://www.taxtmi.com/acts?id=50428